Northwest Florida 2022 Trends

Escambia County

#10  Best Place to Retire in U.S. – (U.S. News & World Report '21)

#17   Market for Population Growth (2019 – 2020) Small MSAs – (Costar '21)

7.2%  YOY Job Growth (Oct. ’21) – (U.S. Bureau of Labor Statistics)

New $615M  Hospital – Baptist Health recently broke ground on a 650K+, 260-bed facility spanning 57-acres and is expected to create over 4K construction jobs and 1.6K non-construction jobs – Expected completion in 2023 – (Baptist Health Care)

Bay County

New $50M Hotel – Located near Pier Park, this 255-room, Embassy Suites by Hilton was recently completed by the St. Joe Company and Key International and features Gulf of Mexico views, an on-site restaurant, upper-level social, catering and event space –  (Visit Panama City Beach '21)

New 87 Acre-Health Campus – Tallahassee Memorial Healthcare, FSU Medicine and the St. Joe Company recently announced plans to construct a Health Care campus which will initially include an ambulatory and urgent care center with future plans for an Emergency Center inpatient facility – Expected groundbreaking in 2022 – (Pcbeachesdirect.com)

Expanding Infrastructure – Panama City recently endorsed the new Project Pineapple project at the intersection of Hwy 231 and Hwy 390, where the City plans to build a connecting road to support the project – (Panama City News Herald ’21)

New $36M Hotel – Located at the Panama City Downtown Marina, this 124-room Indigo Hotel recently broke ground and is expected to be completed by 2023 – (850 Business Magazine)

VIEW LISTINGS

Santa Rosa County

#4  Highest Median Household Income in Florida - (Santa Rosa Economic Development)

#8  Fastest Growing Population in Florida - (Santa Rosa Economic Development)

43.6%  Median Home Value Increase in Santa Rosa Beach - YOY (Dec. ’21) – (Zillow)

3.0%  Unemployment Rate in Florida (Nov. ’21) -– (FRED Economic Data)

Leon County
#3  Hottest City For Tech Jobs in U.S – (Burning Glass Tech Labor Insights '21)

#19 Small City for Product Offerings (i.e. Airport Connectivity, Attractions, Museums, University Ranking, Convention Center Size, Etc.) – (Tal Chamber '20)

1,000 New Jobs – Amazon recently announced plans to announcing plans to build a new $200M, 630K SF robotics fulfillment facility in Tallahassee – Construction is expected to begin in 4Q21 with completion in late 2022 with an anticipated economic impact over $451M – (Tallahassee Reports)

16.5%  Home Price Increase in Tallahassee – YOY (Dec. ’21) – (Zillow)

5.2%   Job Growth YOY (Oct. ‘21) – (U.S. Bureau of Labor Statistics)